As 2023 drew to a close on New Year’s Eve, the Bitcoin network eclipsed yet another record by verifying a significant 731,351 transactions in a single day. This achievement outstripped the previous high set on Dec. 24, 2023, or Christmas Eve, where miners confirmed a total of 723,459 transactions.
Bitcoin Ends 2023 With Record-Breaking 731K Transactions
The year 2023 saw a series of benchmarks surpassed in Bitcoin’s network and onchain activities as both the mining difficulty and hashrate soared to unprecedented levels, alongside a daily increase in transaction confirmations. On the cusp of the new year, miners cemented a record with 731,351 transactions verified on Dec. 31, 2023, largely propelled by Ordinal inscriptions.
On the same day, 314,003 inscriptions were processed, making up roughly 42.93% of the total transactions confirmed on Sunday. Meanwhile, bitcoin miners experienced a notably lucrative fee market in December. Despite breaking the daily onchain transfer record on
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